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Alibaba, SLU & Better Mornings Ahead

Chinese e-commerce giant Alibaba may have quietly opened an office in downtown Seattle, in competitor Amazon’s own backyard.  And other headlines: Alibaba ramps up recruiting for Seattle office – PSBJ Market turmoil: A gift for mortgage refinancers? – AP Three big new words in Seattle real estate: ‘South Lake Union’ – Seattle PI Redfin buys…




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Mortage Rates Haven’t Been This Low Since 2013

Freddie Mac today released the results of its Primary Mortgage Market Survey showing average fixed mortgage rates hitting fresh lows for the year for the second consecutive week amid declining bond yields. At 3.92 percent the average 30-year fixed rate is at its lowest level since the week of June 6, 2013. 30-year fixed-rate mortgage…




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Tight Spaces, Descendants, Forget Foreclosures & Oops Wrong Lot

Foreclosure Niche Is a Vanishing Business – NAR First-ever affordable housing tax gets nod from Seattle council – PSBJ Developer promises new condos in downtown Seattle – PSBJ Scrunched in Seattle – Politico Average US 30-year mortgage rate at 3.97 percent – AP Fannie, Freddie to Loosen Up on Lending – NAR In Ocean Hammock,…




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Development tax in Seattle, micro-housing & a walk around Green Lake

A few links from today’s office meeting topics… ‘Serious concerns’ raised about plan to tax Seattle developers for affordable housing – PSBJ Seattle council approves micro-housing rules – KING 5 Belmont Court condo showcases the powers of good staging – Curbed Green Lake Pathway of Lights – December 13th!  




MLS Market Update: October 2014

Home Sales Stay Strong Prices approaching “affordability ceiling” for some buyers KIRKLAND, Washington (Oct 6, 2014) – Pending sales of homes around Western Washington  surged more than 13 percent in September compared to a year ago, and listing activity picked up slightly, fueling both broker optimism and words of advice for sellers. Along with increases…




Real Estate Headlines 10.08.2013

Fannie Mae (FNMA_) has introduced new, temporary guidelines to servicers and sellers of single-family loans in response to the government shutdown. The housing giant is unaffected by the shutdown as it is still a private company, albeit in conservatorship. However, the government shutdown still threatens to delay the process of obtaining a home loan. Fannie…




MLS Market Update: October 2013

FOR IMMEDIATE RELEASE: October 4, 2013 Region’s housing activity still “speeding along,” but pace slowing as seasons change, uncertainty looms amid government shutdown Kirkland, WA – October 4, 2013. September tested the housing market’s resilience around Western Washington with fluctuating mortgage rates, record-setting rains, and persistent inventory shortages in some areas. By month’s end, however,…




Real Estate Headlines 10.01.2013

For more than a generation now, like it or not, Wall Street’s financial engineering has helped determine whether the average American can buy a home. Once upon a time—before Wall Street stuck its nose under the mortgage tent—the formula for homeownership was pretty simple: if the neighborhood banker thought you would pay it back, you…




Real Estate Headlines 09.10.2013

There were a few more homes for sale in the Seattle area last month than in July, although the situation remained tight.  Seattle had 1.6 months worth of homes for sale at the current sales pace in August, up from 1.5 months of inventory in July. King County had 1.9 months of inventory, up from…




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MLS Market Update: September 2013

Demand for Puget Sound area homes “still incredibly strong,” but brokers report frenzy is easing in some neighborhoods Kirkland, WA – September 5, 2013. Northwest Multiple Listing Service figures for August show brisk sales, escalating prices and some improvement in inventory, prompting one MLS director to declare, “What these numbers tell us loud and clear…



Real Estate Headlines 08.13.2013

Real estate experts call it a mini power surge of sales as every indicator in the Puget Sound housing industry is showing double-digit gains. After years of recession, Puget Sound housing market booming ~ KOMO4 Obama Urges Access to 30-Year Fixed-Rate Mortgage ~ NAR Obama takes questions on housing in Zillow chat ~ CNN Money




Real Estate Headlines 08.06.2013

The Greater Seattle market in May posted a 3.1 percent monthly gain, its largest since April 1990, according to data released Tuesday. The region’s 12-month increase was 11.9 percent — the biggest  annual gain since December 2006.  Seattle home prices zipping upward, but slowdown likely ~ Seattle Times US new-home sales jump to highest level…




Real Estate Headlines 07.23.2013

Where Home Prices Are Rising by the Most  ~  Realtor.com Know the Neighborhood ~ Walk Score Berkshire Hathaway HomeServices brand announces first 9 affiliates ~ Inman News 3 Real Estate Scams Your Clients Fall For ~ Realtor Mag Bank of America Said to Send Property Reviews to India ~ Bloomberg




Real Estate Headlines 07.16.2013

It’s one of the most contentious of neighborhood issues: What happens if a neighbor blocks your view? A few homeowners in Seattle think they’ve found a solution: Buy the “air rights” of the neighboring property.  Some homeowners in Seattle have bought ‘air rights’ of neighboring properties to protect their views. Prices have ranged from $50,000…




Real Estate Headlines 07.09.2013

Low inventory and interest rates are why realtors call Seattle one of the most competitive housing markets in the country. According to the Northwest Listing Service, The median price of homes in Snohomish County is up 14 percent, and up 10 percent in both King and Pierce Counties. Seattle housing market one of the most…




Real Estate Headlines 06.18.2013

The Millennial generation is showing different housing preferences than previous generations, and some analysts say that Baby Boomers may be growing concerned that they will have a tough time selling their suburban, larger homes due to the Millennials’ differing tastes. The Millennial generation has been called a key to the housing recovery, and housing experts…




Real Estate Headlines 06.11.2013

Mortgage rates will continue to rise. They will probably be near 5 percent by this time next year, compared to the 3.5 percent average of the past 12 months. The rates will be even higher in 2015 and 2016. Certainly, rising rates are bad news for buyers and some potential homebuyers will be pushed out…




MLS Market Update: June 2013

FOR IMMEDIATE RELEASE: June 5, 2013 Competition among home buyers “still fierce;” rising interest rates adding to fury NWMLS, Kirkland, WA, June 5, 2013 – Well-priced homes continue to draw multiple offers and sell at a brisk pace around Western Washington as buyers react to increases in interest rates and asking prices. Northwest Multiple Listing…




Real Estate Headlines 06.04.2013

China’s superrich, who have historically been drawn to San Francisco, Los Angeles and Vancouver, B.C., are investing in Seattle-area real estate in growing numbers, buying multimillion-dollar homes, rent-producing properties and land for commercial development. In the process, they are accelerating the real-estate market’s recovery, sometimes edging out other buyers with all-cash offers, and deepening ties…




Real Estate Headlines 05.21.2013

Buying beats renting in Seattle if you stay 3.6 years, says Zillow ~ My Northwest Will the Nothwest Multiple Listing Service finally get on board too? NAR Allows Public-Facing MLS Sites; Leaders to Look at realtor.com Content  ~  Realtor Magazine Every potential home buyer has to stop for at least a moment and consider this…




Real Estate Headlines 05.14.2013

Did you hear about the loan underwriter who demanded a letter from the borrower’s doctor stating the borrower had been healed and his illness would not come back? How about the underwriter who wanted a verification of employment from the borrower who listed her occupation as “homemaker”? Yes, things are tough out there. And despite…